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680 Employees To Be Axed at Adobe: TechCrunch

9% of the workforce to go, according to the 8-K filed by Adobe with the SEC today

TechCrunch is reporting that 9% of Adobe's workforce is to be axed, according to an 8-K filed by Adobe with the SEC today.

"Adobe is restructuring its business to align costs with its fiscal 2010 operating plan and budget, the company’s three-year strategic priorities and the realities of the business environment, as well as to ensure its ability to continue investing in long-term growth opportunities," a spokesman told TechCrunch.

View real-time Tweets on Abobe layoffs

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